In a reasonably positive sign for the building and construction industry in Australia, the number of new homes sold has risen to its highest level in 19 months and its second highest level in more than two years.

On a seasonally adjusted basis, the number of houses and apartments sold throughout the country jumped 3.4 per cent in June to rise above 6,500 for the first time since November 2011 according to the New Home Sales report published by the Housing Industry Association. New home sales have now…